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Event Name:ACH Exception Processing 101, 201, 301 (3 Part Webinar Series)
Date:Tuesday, October 30, 2018 11:00am CDT
Presented By:BankersHub
Panelist(s) Info: Donna Olheiser  (Bio)

Donna, the Vice President of Education Services for Dynamic Mastership, is a Certified Master Trainer and an experienced Project Manager, with over 14 years’ experience managing education programs for organizations processing electronic payments and financial institutions operations areas. Prior to founding Dynamic Mastership 3 years ago, Donna served as the Education Services Director for UMACHA for 9 years. Donna began her career serving as Training and Development Specialist for the Federal Reserve Bank, Minneapolis.

Credits:1.8 AAP, 1.5 CPE Credits

In this 3-Part ACH Webinar Series, attendees will hear the responsibilities for RDFI accepting ACH entries and the right to return; including general Returns, time-frames and scenarios to demonstrate Rules and details on Extended Returns, time-frames and examples to help identify. It’s not just about the RDFI with Exception processing, so the obligations of the ODFI/Originator when initiating Pre-note Entries

Includes how Pre-notes are affected in Same Day environment and details on Rules compliance if the Pre-note is returned. Included will be the roles and responsibilities of the RDFI when receiving Pre-note Entries.

Stop Payment Rules surrounding time-frames and the difference between a consumer and non-consumer Stop Payment requests. Describing the warranties of the RDFI when sending NOCs (COR Entries) and the ODFI and Originator Responsibilities and Warranties when receiving NOC’s (COR Entries). How returning an Entry as Stop Payment can change in the Same Day environment.

There is a process in the Rules for Reinitiation of entries by the ODFI – details on how this process works in the network will be covered including the Return Reason Codes to be used by the RDFI and ODFI when using the Reinitiation process in the ACH Network.

Details on Reversal Entries regarding the Rules and details on how each participant (ODFI & RDFI) are affected.

As an EXTRA Bonus – Throughout the entire series, how does Same Day ACH affect all these processes, especially returns – faster settlement without paying the same day fee

Part 1: ACH Expections 101
Returns and Notifications of Change – RDFI

Tuesday, October 30, 2018

An RDFI must accept all types of entries with the right of return.  What does that mean?  As an RDFI there are specific requirements and warranties when you initiate (or transmit) Return Entries.  Extended Return timeframes and when do you need to use a WSUD.  Also included are Stop Payment Rules for consumer payments vs corporate payments.  Notifications of Change are optional for the RDFI – BUT, if they do them – what are the warranties that go with the COR Entries?  Included in session 1, will be the following:

  • Timeframes for returning ACH Entries (general and extended returns)
  • Stop Payments-Consumer vs Non-Consumer and Single vs Recurring
  • Warranty details of the RDFI for Extended Return Entries
  • Timeframes for Contested Dishonored Returns
  • Notification of Change warranties for the RDFI
  • Notification of Change Timeframes and details when sending

Part 2: ACH Exceptions 201
Pre-notes, Notifications of Change & Returns – ODFI
Wednesday, October 31, 2018

For an ODFI/Originator, Pre-notes are optional – BUT, if they do them, what are the responsibilities, obligations and warranties?  How does Same Day affect Pre-notes? It is vital to know the banking day delay has been reduced which adds more responsibility to both the Originator and ODFI for Pre-note Entries.   Responsibilities when the ODFI receives a COR entry (NOC), time-frames and who is ultimately responsible for that change being made is covered.  In this session, you will receive details on:

  • Recent Rule change that reduced the amount of time between a prenote and a live entry
  • How the Rule change on Pre-notes affects the ODFI (and the RDFI) – with a calendar to make it clear – PLUS Same Day + Pre-notes
  • Dishonored Returns can be transmitted by the ODFI and scenarios that describe in what circumstances
  • ODFI responsibilities when they receive the COR (NOC) Entry
  • Originator responsibilities relating to a COR (NOC) Entry – it’s the Originator who NEEDS to make the change!
  • Details on NOC’s and Single Entry ACH Entries
  • ODFI obligations when receiving a contested dishonored return

Part 3: ACH Exceptions 301
Reinitiation and Reversals – NEW Rules
Thursday, November 1, 2018

Topics covered on the Reinitiation of Entries by the Originator/ODFI, including a detailed change in the format of these types of Entries.  The Reversal Process, aka as the “Dishonored Returns and Contested Dishonored Returns Related to an Unintended Credit to a Receiver” has different compliance requirements for both the ODFI and the RDFI.  Format changes for Reinitiated Entries for the ODFI and “recently added” Return Reason Codes to both these processes – that YOU need to know!  This session will provide details on:

  • Format change details for the ODFI/Originator for Reinitiation of Entries
  • Details on what is considered a valid Reinitiation – includes scenarios to further define…
  • RDFI guidelines on what to do if a Reinitiation is in violation of the recent Rule change
  • Reversal processes defined for both the ODFI and RDFI – scenarios to illustrate what this means…
  • Details on the Dishonored Return Reason Code R62 – Return of Erroneous or Reversing Debit and when this is used by the ODFI to help with the processing of a Reversing Entry
  • Details on the Contested Dishonored Return Reason Code R77 – Non-Acceptance of R62 Dishonored Return can be used
  • Identifying how reinitiation works with a scenario to help illustrate the meaning of the Rule